Global X Future Analytics Tech ETF (NASDAQ:AIQ) Sees Significant Decrease in Short Interest

Global X Future Analytics Tech ETF (NASDAQ:AIQ) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 294,900 shares, a drop of 66.3% from the December 31st total of 874,100 shares. Based on an average trading volume of 485,500 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Global X Future Analytics Tech ETF

Several hedge funds and other institutional investors have recently bought and sold shares of AIQ. Bank of Montreal Can bought a new position in Global X Future Analytics Tech ETF during the 3rd quarter valued at $52,274,000. Strategic Financial Concepts LLC lifted its position in shares of Global X Future Analytics Tech ETF by 4,175.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 321,940 shares of the technology ETF’s stock worth $12,440,000 after purchasing an additional 314,410 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Global X Future Analytics Tech ETF by 25.1% in the third quarter. JPMorgan Chase & Co. now owns 981,965 shares of the technology ETF’s stock worth $36,500,000 after purchasing an additional 197,191 shares in the last quarter. Madrona Financial Services LLC grew its stake in Global X Future Analytics Tech ETF by 1,065.6% in the fourth quarter. Madrona Financial Services LLC now owns 140,006 shares of the technology ETF’s stock worth $5,410,000 after purchasing an additional 127,994 shares in the last quarter. Finally, Silverleafe Capital Partners LLC increased its holdings in Global X Future Analytics Tech ETF by 130.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 216,797 shares of the technology ETF’s stock valued at $8,377,000 after buying an additional 122,686 shares during the last quarter. 27.02% of the stock is owned by institutional investors and hedge funds.

Global X Future Analytics Tech ETF Stock Performance

Global X Future Analytics Tech ETF stock traded up $0.55 during midday trading on Thursday, reaching $40.71. The stock had a trading volume of 729,966 shares, compared to its average volume of 705,930. The stock has a market capitalization of $2.90 billion, a PE ratio of -239.44 and a beta of 1.13. The stock’s 50-day simple moving average is $39.41 and its 200 day simple moving average is $37.20. Global X Future Analytics Tech ETF has a twelve month low of $30.85 and a twelve month high of $40.98.

Global X Future Analytics Tech ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 30th were paid a dividend of $0.0109 per share. The ex-dividend date was Monday, December 30th. Global X Future Analytics Tech ETF’s dividend payout ratio is presently -29.41%.

Global X Future Analytics Tech ETF Company Profile

Global X Artificial Intelligence & Technology ETF